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it's that president obama has retreated on his hard line on taxes. obama may think his conciliatory approach has helped avoid economic chaos. instead, he is courting it." i want to go right to jimmy williams because you have been a senate staffer. you understand how this thing works. why would the white house even bother to increase from 250,000 to 400,000. they don't really have to. they're winning this fives fight. >> the only people that actually care whether or not the threshold is 250,000 to 400,000 are these people that are going to vote on it. nobody else really cares. all they really care is that you get a deal. these people are sitting at ground zero. these snores, these liberals. i'm a liberal. i don't care what the thereby hold is. i don't give a damn if it's a million. i just want them to get a deal or go over the cliff, but somebody just make up your mind up on capitol hill. that's what the american people would like to hear. here's the bottom line. even if they do get a deal at 450,000 or 500,000 or whatever that number is, barack obama
it's that president obama has retreated on his hard line on taxes. obama may think his conciliatory approach has helped avoid economic chaos. instead, he is courting it." i want to go right to jimmy williams because you have been a senate staffer. you understand how this thing works. why would the white house even bother to increase from 250,000 to 400,000. they don't really have to. they're winning this fives fight. >> the only people that actually care whether or not the threshold...
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Jan 1, 2013
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because the tax rates are not the ones that president obama campaigned on. remember the president campaigned saying that he wanted to see taxes going up on those making $250,000 or more. this of course raises taxes on people making $400,000 or more, if you're single, $450,000 for a couple. so folks on the left saying this is not good enough. but the white house, mitch mcconnell, vice president joe biden believes it is a good deal because it represents compromise on all sides. i also spoke to one of my democratic sources who said look, if you look at the way the sequester has worked out, yes, it has only staved off for two months. however, they are off setting the cuts both through revenue as well as spending cuts. the reason democrats believe it is significant is because when they revisit this issue in two months they will set a precedent through revenues, as well as spending cuts. this is something democrats have not won on, in a long time this idea of new revenues. so they believe this sets a new, important precedent as they move forward. now as we reporte
because the tax rates are not the ones that president obama campaigned on. remember the president campaigned saying that he wanted to see taxes going up on those making $250,000 or more. this of course raises taxes on people making $400,000 or more, if you're single, $450,000 for a couple. so folks on the left saying this is not good enough. but the white house, mitch mcconnell, vice president joe biden believes it is a good deal because it represents compromise on all sides. i also spoke to...
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remember president obama campaigned saying he wanted to raise taxes on those making $250,000 or more. this legislation raises taxes on individuals making $400,000 or more and $450,000 for couples. it is not exactly what he campaigned on. you heard some voices from the left coming out and saying, they're concerned that ultimately this is going to lead to steep cuts in important programs. and you heard president obama come out yesterday and say, look. this is not perfect. part of the reason why he came out yesterday by the way, mara, was not just to pressure republicans to sign off on this deal but also to pressure democrats. sort of preempting some of that criticism that the white house and democrats wound up getting late last night when the details of this deal started to emerge. i think there was concern before the senate voted last night but certainly they're feeling confident about the fact that it did pass the senate with such strong support. >> and we will continue to keep an eye on it. good to see you and thanks. >> you too. thanks. >>> joining me now live republican congressman
remember president obama campaigned saying he wanted to raise taxes on those making $250,000 or more. this legislation raises taxes on individuals making $400,000 or more and $450,000 for couples. it is not exactly what he campaigned on. you heard some voices from the left coming out and saying, they're concerned that ultimately this is going to lead to steep cuts in important programs. and you heard president obama come out yesterday and say, look. this is not perfect. part of the reason why...
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that's what you'd expect to come from president obama. but we're also -- we sort of said tonight is the deadline and that's true because a lot of the tax cuts expire at midnight. the sense we're getting from a lot of sources and from members of congress is that perhaps tonight isn't a hard and fast deadline. mitch mcconnell and the vice president are negotiating in earnest to find a deal. but it's sort of difficult to see how exactly that may come to be by midnight and have votes in the senate and house. the thought is that going over the cliff gives cover for some democrats and certainly some republicans. there will be a lot more pressure after the cliff comes to be to put a solution in place. even after midnight were to come and go, we would see them wo working towards an agreement, e we would expect. >> politicking around a cliff that was always meant to be sort of the suicide that would never be. john avalon said, congress is raising to diffuse a time bomb that congress wired. >> reporter: that's true. the thing is, and we will contin
that's what you'd expect to come from president obama. but we're also -- we sort of said tonight is the deadline and that's true because a lot of the tax cuts expire at midnight. the sense we're getting from a lot of sources and from members of congress is that perhaps tonight isn't a hard and fast deadline. mitch mcconnell and the vice president are negotiating in earnest to find a deal. but it's sort of difficult to see how exactly that may come to be by midnight and have votes in the senate...
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Dec 28, 2012
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obama care does raise taxes on rich people to pay for health insurance for poor people. that is fact number one. number two, as you are ringing in the new year, think about the fact that health care for the poor will actually be improving this year. there are more than 50 million people on medicaid. medicaid is the main program used to give health care to the poor and to the children in this country. medicaid is super cheap. it is way, way cheaper than private insurance or medicare. and in part it is so cheap because it pays doctors a lot less than those programs do. that means a lot of doctors, particularly primary care doctors, don't want to participate in medicaid or they can't afford to. so a lot of folks on medicaid have trouble actually getting care. doctors who accept medicaid coverage are going to see a 73 -- primary care doctors i should say. a 73% raise in 2013. which means those folks will have more access to more doctors. so we're not just expanding health care for the poor in 2014. starting in 2013 we're making it better health care. that is fact number two.
obama care does raise taxes on rich people to pay for health insurance for poor people. that is fact number one. number two, as you are ringing in the new year, think about the fact that health care for the poor will actually be improving this year. there are more than 50 million people on medicaid. medicaid is the main program used to give health care to the poor and to the children in this country. medicaid is super cheap. it is way, way cheaper than private insurance or medicare. and in part...
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some people say, raise taxes even more. so that is the pushback that officials are giving to that republican criticism. having said that, they remain optimistic moderately so at this point that something will get done. and of course, president obama sort of continuing his public campaign to pressure congress, not only republicans, but also, democrats who have expressed skepticism about this deal and not getting enough in new revenues. the president saying, look, this is not a perfect deal, not grand bargain, the big deal they had initially hoping for and working on but it is a deal nonetheless and will prevent at least part of the fiscal cliff set to go in to effect in a matter of hours now. >> mike, we talk a lot here about the sequester, the income tax rates for the wealthy and other issues that need to be resolved or one on the table. one that's not on the table, the payroll tax extension is just gone. unemployment insurance extension looks like it's part of this. and medicare dock fix. you have any sense of two other th
some people say, raise taxes even more. so that is the pushback that officials are giving to that republican criticism. having said that, they remain optimistic moderately so at this point that something will get done. and of course, president obama sort of continuing his public campaign to pressure congress, not only republicans, but also, democrats who have expressed skepticism about this deal and not getting enough in new revenues. the president saying, look, this is not a perfect deal, not...
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Jan 1, 2013
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i think that democrats don't want to feel like president obama caved on the tax rates. he campaigned pretty strongly on the $250,000 threshold. now that is moving to $400,000, $450,000 for couples. i think that democrats are thinking we could have gone over and just a couple days republicans would have had to come back and probably would have -- democrats would have had more leverage. that said i think that vice president biden will argue that, you know, this was reasonable and you want to give certainty again to those markets and be able to look reasonable in this process. i think for republicans there are going to be a couple things. first they don't want taxes to go up on anybody and this essentially makes them look like they're voting for a tax increase although they actually would be voting for a tax cut but it is amazing the way it's been framed by both conservative groups and the white house, interestingly. i do think that there are a few things in there in the details if you think about the estate tax change, the changes to dividends and capital gains, and the f
i think that democrats don't want to feel like president obama caved on the tax rates. he campaigned pretty strongly on the $250,000 threshold. now that is moving to $400,000, $450,000 for couples. i think that democrats are thinking we could have gone over and just a couple days republicans would have had to come back and probably would have -- democrats would have had more leverage. that said i think that vice president biden will argue that, you know, this was reasonable and you want to give...
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this deals with the issue of taxes, something that president obama has been talking since 2008. campaigned on this issue in 2012, and the third part will be that march trifecta, when you are going to have both the budget to deal with as well as the debt ceiling and the sequester issue, which will come back again, those are some of the details my colleague, chuck todd, gotten from inside that meeting with the senate democratic caucus. we expect president obama to be briefed on that meeting as well. vice president biden played a key role in negotiations. i am getting details from democratic source who's say the president has played an important role as well. working the phones. apparently last night after vice president biden had spoken to mcconnell, he, the president, a number of staffers met from 1:00 a.m. until 1:45 and sort of hammered out the final details of this deal and then their staffers were up until way past 3:30 this morning. this is something that has been going on overnight while a lot of people have been sloping on the white house and that is the latest we've been
this deals with the issue of taxes, something that president obama has been talking since 2008. campaigned on this issue in 2012, and the third part will be that march trifecta, when you are going to have both the budget to deal with as well as the debt ceiling and the sequester issue, which will come back again, those are some of the details my colleague, chuck todd, gotten from inside that meeting with the senate democratic caucus. we expect president obama to be briefed on that meeting as...
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he writes in part, for many republicans a cliff dive is blaming president obama for a big tax hike in the short term and then voting to cut taxes for most americans next month. for democrats, better than setting a rich man's cutoff in the million dollar range or extending tax cuts for all earners and slashing entitlem t entitlements to appease republicans. what does your gut tell you? do they want to go off the fiscal cliff? go to facebook.com/newsnation to vote. that does it for us. i'm craig melvin in for tamron hall. "the cycle" up next and go skins. new years clutter is no match for someone with big ideas. with a new project in mind, some how-to knowledge to give us an edge, and more savings down every aisle. it only takes a few twists and turns for those bright ideas to make the new year even brighter. more saving. more doing. that's the power of the home depot. start fresh and save with hdx 20 gallon totes, a special buy at just $5.88 a piece.
he writes in part, for many republicans a cliff dive is blaming president obama for a big tax hike in the short term and then voting to cut taxes for most americans next month. for democrats, better than setting a rich man's cutoff in the million dollar range or extending tax cuts for all earners and slashing entitlem t entitlements to appease republicans. what does your gut tell you? do they want to go off the fiscal cliff? go to facebook.com/newsnation to vote. that does it for us. i'm craig...
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float the idea of a tax increase in his state. well, it's about the need to beef up the military personnel in case civil war breaks out in case president obama got elected. here's jung herks edd on that one. >> i'm thinking worst-case scenario. civil unrest, civil disobedience, civil war, maybe. we're not talking just a few riots here and demonstrations. we're talking lexington, concord, take-up-arms and get rid of the guy. the sheriff, i said are you going to back me? he said yeah, i'll back you. >> that was his idea of the worst-case-scenario. here's iowa u.s. congressman steve king with how president obama's mother managed to convince us all that her son was born in hawaii, not in kenya. >> i looked into that before he was sworn into the presidency. we look sbood the library of congress and we found the microfiche of two newspapers, only two newspapers in hawaii. each of them had published the birth of barack obama. that doesn't mean that there aren't some other explanations on how they might have announced that telegram from k
float the idea of a tax increase in his state. well, it's about the need to beef up the military personnel in case civil war breaks out in case president obama got elected. here's jung herks edd on that one. >> i'm thinking worst-case scenario. civil unrest, civil disobedience, civil war, maybe. we're not talking just a few riots here and demonstrations. we're talking lexington, concord, take-up-arms and get rid of the guy. the sheriff, i said are you going to back me? he said yeah, i'll...
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that's what they did with obama care. that's how the senate has done on a bipartisan basis, tax bills for i think the last 30 years. they deem this stuff -- they voted. they go home and say, look what we accomplished. nobody knows what's in the bill. none of the details are clear. there have been no hearings, no mark ups no amendments. this is as bad as the original obama passing a $780 billion stimulus that nobody had read. or nancy pelosi saying you have to pass the bill to know what's in it. i don't think any republican ought to be touching this stuff. >> mr. speaker, hold on for a second. alley vels i velshi is with us. >> speaker, sorry to bother you while you're on vacation. listen, you called this an artificial creation of washington. you have actually suggested the many things that make up the fiscal cliff be divided up and tackles separately. i want you to listen to what president obama said earlier today and get your comment on it. let's listen to this. >> we're going to solve this problem instead in several ste
that's what they did with obama care. that's how the senate has done on a bipartisan basis, tax bills for i think the last 30 years. they deem this stuff -- they voted. they go home and say, look what we accomplished. nobody knows what's in the bill. none of the details are clear. there have been no hearings, no mark ups no amendments. this is as bad as the original obama passing a $780 billion stimulus that nobody had read. or nancy pelosi saying you have to pass the bill to know what's in it....
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that is the level that president obama campaigned on. he said folks who make $250,000 or more should pay more in taxes. richard trumka expressing concern tonight that this will ultimately wind up taking a larger cut into spending than democrats will be comfortable with. so that is some of the criticism on the left. i imagine vice president biden have l have to answer some questions about that when he heads over to the hill. but as kelly mentioned, he has been one of the key negotiators in this entire process. remember, on saturday, milissa, these negotiations had all but stalled. and that is the point at which minority leader mcconnell picked up the phone, called biden, asked him to engage in these negotiations. he did. he is of course a veteran of the senate. few people understand how the inner works of the senate work as well as vice president biden. so he gotten gauged in these negotiations, really helped them to move forward. remember, he also has a very strong work relationship with mitch mcconnell. the two served together for about
that is the level that president obama campaigned on. he said folks who make $250,000 or more should pay more in taxes. richard trumka expressing concern tonight that this will ultimately wind up taking a larger cut into spending than democrats will be comfortable with. so that is some of the criticism on the left. i imagine vice president biden have l have to answer some questions about that when he heads over to the hill. but as kelly mentioned, he has been one of the key negotiators in this...
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>> mcconnell cut the deal earlier about the payroll tax cut extension. so he has a track record, in spite of his rhetoric and saying that his number one priority was making sure president obama was a one-term president, he has managed to cut deals before and joe biden has cut deals, as well. so it doesn't surprise me that's where it's headed. but maybe his relationship with joe biden is better than it is with harry reid. >> what happened to john boehner? it was really interesting. i spent a lot of the christmas holidays in ohio. but also since i've come back, a question i get over and over and over again is, is john boehner a good guy? i think the point of that question is, is he willing to work with the president? is he willing to do what needs to be done to get a deal done? now obviously he's marginalized. but what happened there? >> i don't think it's a question of intent so much. because he's had at least two attempts at going for a bigger deal, a bigger bargain in terms of cutting deficits, raising taxes. he has tried to move his party, but he's inc
>> mcconnell cut the deal earlier about the payroll tax cut extension. so he has a track record, in spite of his rhetoric and saying that his number one priority was making sure president obama was a one-term president, he has managed to cut deals before and joe biden has cut deals, as well. so it doesn't surprise me that's where it's headed. but maybe his relationship with joe biden is better than it is with harry reid. >> what happened to john boehner? it was really interesting. i...
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>> well, the level at which taxes will rise above where they are right now, so obama's insistence has been, if you make over $250,000 a year, on the income over 250 you pay a little more in the new rates he's proposing. now, he's been willing -- it's been reported that he's gone as high as 400,000 in the negotiations with boehner. so that's a place for agreement. the other place is the estate tax. the estate tax is scheduled to rise by quite a bit at the stroke of midnight tomorrow night. republicans want to keep it low, democrats want it to go up a little bit. there's room for compromise there. and so, you know, it's not just marginal rates that are going up, there's a series of taxes that they're going to change. the thing that could not be settled today was this change cpi. essentially a benefit cut for social security recipients. that led to a breakdown in negotiations today, because republicans wanted those benefit cuts to social security. and democrats said no way. and that was the sticking point and that's when this thing moved from the senate over to biden and mcconnell where
>> well, the level at which taxes will rise above where they are right now, so obama's insistence has been, if you make over $250,000 a year, on the income over 250 you pay a little more in the new rates he's proposing. now, he's been willing -- it's been reported that he's gone as high as 400,000 in the negotiations with boehner. so that's a place for agreement. the other place is the estate tax. the estate tax is scheduled to rise by quite a bit at the stroke of midnight tomorrow night....
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i think in obama's proposal, he wasn't moving as much on the dividend tax as a compromise but, you know, that never settled at the end of the day. >> all right. enjoy that 4.2% payroll tax rate while it lasts. >> absolutely. >>> up next, freedom of speech with the right to bear arms. that's in the spin cycle. >>> amber and marcy and paul started north carolina based footsteps clothing which had a booming christmas themed pajama line. not wanting to be just a seasonal business, they added other holidays and eventually expanded to products that celebrate family life. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask one of our insurance experts about it today. hello?! we believe our customers do their best out there in the world, and we do everything we can to be there for them when they need us. [car alarm blaring] call now and
i think in obama's proposal, he wasn't moving as much on the dividend tax as a compromise but, you know, that never settled at the end of the day. >> all right. enjoy that 4.2% payroll tax rate while it lasts. >> absolutely. >>> up next, freedom of speech with the right to bear arms. that's in the spin cycle. >>> amber and marcy and paul started north carolina based footsteps clothing which had a booming christmas themed pajama line. not wanting to be just a...
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Dec 30, 2012
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>> and when john boehner came up with what i kept seeing the pictures of john boehner and president obama sitting together and very good picture and they are both good guys to come up with a plan, and john boehner came up with a plan that democrats would not enjoy the idea that taxes going up on people earning more than $1 million a year and not acceptable for most people, but he could not get members of his own caucus to agree to it, so it is not fair for the republicans to somehow suggest that we are here because of the democrats. i am not saying that the democrats had nothing to do with it, but you can't get your own act together, and the republicans and the democrats in the house can't get their act together. >> well, we are here as inaction, and here is the deal on that, and what the president wanted to do was to generate enough revenue to cover government for agent eight days, seven or eight days and what do you do with the other 350-plus days leftover? you cannot continue to run trillion dollar deficits every year, because we are already at $16 trillion in debt. what we have is a d
>> and when john boehner came up with what i kept seeing the pictures of john boehner and president obama sitting together and very good picture and they are both good guys to come up with a plan, and john boehner came up with a plan that democrats would not enjoy the idea that taxes going up on people earning more than $1 million a year and not acceptable for most people, but he could not get members of his own caucus to agree to it, so it is not fair for the republicans to somehow...
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president obama wants higher taxes on the wealthy, stimulus spending, limited cuts to entitlements, and speaker boehner wants limited tax increases and keep his job. bob, which -- where do we go from here if a deal isn't hashed out in the next few hours? >> not necessarily in that order. i think the priorities for john boehner may have been turned around. jared is an old jazz fan, as am i, and he knows that miles davis had a song called "so what" and i think that might be the background music right now as all the posturing is going on in public. the simple fact of the matter is that they are setting up the process for working out a deal after they have scared the daylights out of everybody, and it would seem to me that to quote another song, which is "what are you going to be doing new year's eve," i think that we'll be finding that these people are still hard at it and maybe calling congress into session tomorrow night which is a really rotten way to end the year. >> jared, explain for our viewers what it really means to go over the cliff. >> well, first of all, as a former jazz bassis
president obama wants higher taxes on the wealthy, stimulus spending, limited cuts to entitlements, and speaker boehner wants limited tax increases and keep his job. bob, which -- where do we go from here if a deal isn't hashed out in the next few hours? >> not necessarily in that order. i think the priorities for john boehner may have been turned around. jared is an old jazz fan, as am i, and he knows that miles davis had a song called "so what" and i think that might be the...
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why is obama caving on taxes? the article reads in part, the erosion signals not only a major substantive problem in its own right but also raises disturbing questions about obama's ability to handle his entire second-term agenda. do republicans sense a little weakness here, an opportunity? could the president's concession hurt his ability later on to negotiate with the gop? >> no. i think he is doing what needs to be done. unfortunately, this president hasn't operated or led this country like keith's former boss, president clinton, who understood the art of negotiation and actually getting there and rolling up his sleeves and having discussions well before everyone's back is against the wall. i can't believe i'm saying it but i am encouraged to see joe bide nen there and talking with mitch mcconnell. it is good to have the negotiations. they need to in her reference it's better to have them as fred as tear and ginger rogers dancing and discussing issues back and forth as opposed to what we have with thelma and lo
why is obama caving on taxes? the article reads in part, the erosion signals not only a major substantive problem in its own right but also raises disturbing questions about obama's ability to handle his entire second-term agenda. do republicans sense a little weakness here, an opportunity? could the president's concession hurt his ability later on to negotiate with the gop? >> no. i think he is doing what needs to be done. unfortunately, this president hasn't operated or led this country...
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. >>> looking beyond the senate deal, president obama is warning republicans that if they want future spending cuts, they're going to have to provide more tax revenue as well. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone -- and you hear that sometimes coming from them, that sort of after today we're just going to try to shove only spending cuts down -- well, shove spending cuts at us. if they think that's going to be the formula for how we solve this thing, then they've got another think coming. >> that midday news conference didn't go over well with a lot of republicans, and they said that the president's sometimes mocking tone, as they felt it was, could hurt the fiscal cliff deal in the house. >> as i sort out my impressions of the president's remarks as to whether to be angry or to saddened. we have the president of the united states go over and have a cheerleading ridiculing of republicans exercise. >> let's bring in democratic strategist and former edwards communications director chris ka fiance and republican strategist and
. >>> looking beyond the senate deal, president obama is warning republicans that if they want future spending cuts, they're going to have to provide more tax revenue as well. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone -- and you hear that sometimes coming from them, that sort of after today we're just going to try to shove only spending cuts down -- well, shove spending cuts at us. if they think that's going to be the...
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president obama went on "meet the press" to call out mcconnell and house speaker john boehner over tax hikes. >> i think it's been very hard for speaker boehner and republican leader mcconnell to know that taxes should go up as part of an overall deficit reduction. >> a health scare for hillary clinton. new details as the secretary of state undergoes treatment for a blood clot in a new york hospital. >>> ringing in the new year. from sydney to new york city. the world turns the page to 2013. good day. i'm chris live in washington in for andrea today. deal or no deal? as vice president joe biden and senate republican leader mitch mcconnell continue negotiations, we just have learned that president obama will speak about the fiscal cliff at 1:30 p.m. eastern time. with all that happening, let's get right to our daily fix. nbc's kelly o'donnell on capitol hill, nbc's kristen welker at the white house, and jonathan capehart, washington post editorial writer and my colleague and an msnbc contributor. okay, kelly. the action is on the hill where it's been for the last few days. let's start w
president obama went on "meet the press" to call out mcconnell and house speaker john boehner over tax hikes. >> i think it's been very hard for speaker boehner and republican leader mcconnell to know that taxes should go up as part of an overall deficit reduction. >> a health scare for hillary clinton. new details as the secretary of state undergoes treatment for a blood clot in a new york hospital. >>> ringing in the new year. from sydney to new york city. the...
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>> where they agree on things like corporate rate and that tax reform. and also immigration reform. >> and stephanie, let me put it a slightly different way. how long does president obama's second term last? second terms don't last four years sometimes. domestically. >> they last four years but there is a shelf life to what you can get done because people are going to start looking at the midterms pretty quickly. 2013 is a very important year to get things done, tax reform, immigration reform, we have to finish implementing the health care law a year from right now, people are going to be signing up for exchanges in states all over the country. >> what do you -- >> we don't know if barack obama is a liberal, moderate, debating that four years, six years. next year, we will know what -- >> a pragmatic. >> an ideologue at times? we will know. >> i'm going to put you on the spot. >> i'm ready. >> mcauliffe. the big race of 2013, which by the way will dominate the washington media market, mcauliffe and cuccinelli. >> going off to -- >> does he win? >> cuccin
>> where they agree on things like corporate rate and that tax reform. and also immigration reform. >> and stephanie, let me put it a slightly different way. how long does president obama's second term last? second terms don't last four years sometimes. domestically. >> they last four years but there is a shelf life to what you can get done because people are going to start looking at the midterms pretty quickly. 2013 is a very important year to get things done, tax reform,...
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look, taxes are probably going to go up on the rich because president obama did -- you know, he went around the country saying if he was re-elected, that's what he would do. but, you know, as i told you many times, even if we don't get a deal here in the next 24 hours, this is not thelma and louise. this is a slope, not a cliff that's going to cause a crash in the economy. i do think it looks bad for the country. it's beneath us to go into this new year not knowing what the tax code is going to look like, what kind of spending cuts will go in. this is politics at its very lowest. >> let's talk about a week ago one of the things that you and i both thought shall i thought it was a bit cynical that john boehner would put forward this plan "b." it sort of showed a lack of faith in his negotiations with the president but he put forward a plan that would increase taxes on those earning a million dollars or more per year and grover norquist to whom everybody has signed this pledge, this never increase taxes pledge, actually looked it over and said, that's all right. i can live with that. s
look, taxes are probably going to go up on the rich because president obama did -- you know, he went around the country saying if he was re-elected, that's what he would do. but, you know, as i told you many times, even if we don't get a deal here in the next 24 hours, this is not thelma and louise. this is a slope, not a cliff that's going to cause a crash in the economy. i do think it looks bad for the country. it's beneath us to go into this new year not knowing what the tax code is going to...
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now, president obama, taking real will a tough line on that issue of taxes, it's the big sticking point, has been all along and past negotiations, of course president obama has been criticized by democrats who say that he's given in too quickly on the issue of taxes. of course he campaigned on the issue of raising taxes on wealthier americans. so this time he's not backing down. so these negotiations have really been centered, to some extent, on that issue of taxes. the president really using his bully pulpit to try to pressure congress, congressional republicans, making a number of public appearances, include, of course, during that exclusive interview on "meet the press" today when he said that republicans are to blame for this fiscal cliff stalemate. chris? >> kristin welker, thanks to you and thanks to nbc's kelly o'donnell on the hill as well. more ahead this hour as we continue to cover the ongoing negotiations on the hill. why a small deal now would set up a big fight later. more on secretary of state hillary clinton who has been hospitalize tonight with a blood clot. msnbc's liv
now, president obama, taking real will a tough line on that issue of taxes, it's the big sticking point, has been all along and past negotiations, of course president obama has been criticized by democrats who say that he's given in too quickly on the issue of taxes. of course he campaigned on the issue of raising taxes on wealthier americans. so this time he's not backing down. so these negotiations have really been centered, to some extent, on that issue of taxes. the president really using...
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with obama it's like a mandate, with the taxing the wealthiest americans, if he's elected which by a landslide, maybe they need to catch up and form and modernize the party. >> reporter: how much does the political posturing, how is that to watch this churn day after day for the past several days? >> it's rough. i was watching yesterday when the president spoke, hoping maybe they had come to some point. hearing him say we're close but not there yet, it's like these are things that directly affect americans and if this is your job, this in is why we elect you, it's waiting each day, it's kind of like -- it's cliff, though cliff is a misleading term it is a good term. it's like jumping over, waiting for something to kind of hit us, that really shouldn't be there at all. >> reporter: thanks for your thoughts. one other person i talked with had one more thought saying it's a shame na the u.s. economy is being held hostage by the u.s. congress. something to think about as we continue our new year's day. >> it was fascinating to hear that young woman's point of view there. obviously studen
with obama it's like a mandate, with the taxing the wealthiest americans, if he's elected which by a landslide, maybe they need to catch up and form and modernize the party. >> reporter: how much does the political posturing, how is that to watch this churn day after day for the past several days? >> it's rough. i was watching yesterday when the president spoke, hoping maybe they had come to some point. hearing him say we're close but not there yet, it's like these are things that...
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is that just president obama sort of being rhetorical or is there unhappiness from yourself or some of your colleagues with the possibility that we may be looking at going from $250,000 to $400,000 in terms of whose taxes will get raised and whose won't? do you feel like he's represented house democrats' interests enough? >> well, chris, as the president played out in that clip you played, he proposed a so-called grand bargain that would include up to $1.2 trillion in revenue combined with $1.2 trillion in additional cuts. and as he said, that would have required democrats to make some very, very tough decisions, some decisions that democrats probably wouldn't like to make unless they were amended. but the overall point he was making was that he put that balanced proposal on the table, and speaker boehner walked away from that because he didn't think he could sell that kind of balanced plan to his own caucus. and we know from the fact that his own plan "b" that simply asked people making more than $1 million a year to put in a little bit more, the fact that that couldn't get republican
is that just president obama sort of being rhetorical or is there unhappiness from yourself or some of your colleagues with the possibility that we may be looking at going from $250,000 to $400,000 in terms of whose taxes will get raised and whose won't? do you feel like he's represented house democrats' interests enough? >> well, chris, as the president played out in that clip you played, he proposed a so-called grand bargain that would include up to $1.2 trillion in revenue combined...
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. >> president obama is not the bad guy. you could see this love fest at the press conference this afternoon. american people totally understand and are supporting overwhelmingly what the president has proposed. they want tax cuts for the 98%, not for the top 2%. we've been at a standstill with plan "b" which never was a plan "b" to begin with because we're sacrificing the greater good for such a small minority. >> jimmy and susan, i am going to ask you about the president's press conference and whether you thought it was a bad idea. but when angela was talking, susan, you were shaking your head when she said that the american people are behind the president. >> well, i think right now the american people are frustrated with washington, and that's where that's going to come down. yes, the president is better than the worst guy. boehner is the worst guy and the president is better than that, but that's not the standard you want to meet. you want to have a standard of we respect our government and we're going forward. so that'
. >> president obama is not the bad guy. you could see this love fest at the press conference this afternoon. american people totally understand and are supporting overwhelmingly what the president has proposed. they want tax cuts for the 98%, not for the top 2%. we've been at a standstill with plan "b" which never was a plan "b" to begin with because we're sacrificing the greater good for such a small minority. >> jimmy and susan, i am going to ask you about the...
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tax reform, immigration reform, we have to fin implementing the health care law. a year from now people will be signing up for exchanges all across the country. >> we don't know if barack obama is a liberal or mott rat, at the end of next year -- is we will really know by next year. >> couch nelle, -- couch necessarilyi, mcauliffe? >> it's sfp interesting. you've really -- >> does he win? >> if -- >> it will be known as the year that america gets comfortable with gale marriage. that's it for this special edition. watch us every weekday at 9:00 a.m. happy holidays, happy new year. be safe from all of us at "the daily rundown." portions were much larger. and i just felt like i needed to eat it all because it was so yummy. weight watchers online worked for me because it lets me live my life. i can still go out with my friends. i can still enjoy my favorite foods and drinks. it's just a smarter way of eating. i lost 40 lbs. wow it's amazing. my most favorite part of my new body is my bottom. [ laughs ] [ hudson ] weight watchers online. the power of weight watchers co
tax reform, immigration reform, we have to fin implementing the health care law. a year from now people will be signing up for exchanges all across the country. >> we don't know if barack obama is a liberal or mott rat, at the end of next year -- is we will really know by next year. >> couch nelle, -- couch necessarilyi, mcauliffe? >> it's sfp interesting. you've really -- >> does he win? >> if -- >> it will be known as the year that america gets comfortable...
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so i think their theory is, we pushed, obama bent, let's ping-pong the bill back and let's see if they bend a little more. i think what that misses is an immense pressure, not democrats and republicans on the left that won't let them play ping-pong with the bill. >> can the democrats accept the little ping-pong right now in the next 24 hours? let's say the house passes the senate version with one amendment that calls for specific additional spending cuts and it goes to the senate, be do you think that's doable? >> it depends on what those spending cuts are and i think that the leaders in the senate will look at it because i think the american people do deserve for leaders to be responsible and here's where i think the republicans are really going wrong on two front. this is so politically perilous for them. they lost the election in november because the american people didn't think that republicans understood what they are going through and if they are now the ones who are the architects of all of us going over the cliff and for millions of americans taxes to go up, that's going to be
so i think their theory is, we pushed, obama bent, let's ping-pong the bill back and let's see if they bend a little more. i think what that misses is an immense pressure, not democrats and republicans on the left that won't let them play ping-pong with the bill. >> can the democrats accept the little ping-pong right now in the next 24 hours? let's say the house passes the senate version with one amendment that calls for specific additional spending cuts and it goes to the senate, be do...
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cuts put in place by president obama about two years ago to boost the economy. so what does it mean to your wallet? here is how much less you'll bring home if it does expire. paychecks shrink $50 a month for those earning $30,000 a year. it shrinks $83 a month for those earning $50,000 a year. and $167 a month for those earning $100,000 a year or more. now, let's switch to the fiscal cliff. what that could cost you if that so-called deal in sight doesn't get done. without the deal, the potential impact, say you're single, you work hard, okay, here is what you can expect. you don't have kids. you earn about $80,000 a year. think about what you pay now. guess what, you'll pay an attentional $3,000, that's right, $3,000 more in taxes next year. if you're married with kids, yeah, doesn't get any better. the middle class families get hit hard. if you have two kids, both parents work together, you earn $80,000, well, if we do go over the cliff, you will owe almost $6,000 more in taxes next year and that is why it is so important that a deal gets done. with so much unc
cuts put in place by president obama about two years ago to boost the economy. so what does it mean to your wallet? here is how much less you'll bring home if it does expire. paychecks shrink $50 a month for those earning $30,000 a year. it shrinks $83 a month for those earning $50,000 a year. and $167 a month for those earning $100,000 a year or more. now, let's switch to the fiscal cliff. what that could cost you if that so-called deal in sight doesn't get done. without the deal, the...
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>> two years ago obama and the democratic house and the democratic senate extended all the bush tax cuts for two years. >> and at that time the president said it would not happen again. >> but the president also did it because he said it would hurt the economy not to. now that he's safely in his job, that doesn't seem to be keeping him up at night that other people may lose jobs. >> are you afraid, mr. secretary, that if the u.s. were to really go over the u.s. fiscal cliff that the economy would go back into recession, unemployment would go from 7% to over 9%. that thousands of people would lose their jobs? >> no, wolf. i don't think there would be a permanent situation where we went over the fiscal cliff and nothing was done. my point is that if we went over the fiscal cliff and tax rates went up and spending cuts were substantial, that republicans would be under a huge pressure, even greater pressure than they are now to agree to a democratic initiative to cut middle class taxes and also restore the spending cuts that really do need to be restored. especially for the middle class and
>> two years ago obama and the democratic house and the democratic senate extended all the bush tax cuts for two years. >> and at that time the president said it would not happen again. >> but the president also did it because he said it would hurt the economy not to. now that he's safely in his job, that doesn't seem to be keeping him up at night that other people may lose jobs. >> are you afraid, mr. secretary, that if the u.s. were to really go over the u.s. fiscal...
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president obama says he is modestly optimistic that negotiations could prevent these huge tax hikes and spending cuts from kicking in. >> we don't yet see an agreement, and now the pressure is on congress to produce. if they don't, what i've said is that in the senate we should go ahead and introduce legislation that would make sure middle class taxes stay where they are, and there should be an up or down vote. everybody should have a right to vote on that. if republicans don't like it, they can vote no. >> brianna keilar, she's at the white house. brianna, they're saying they're going to come back to work in a couple of hours. a lot of people have been up a lot longer than that, up earlier, trying to figure out what's going on here. i understand you do have some news. potentially there's a new offer on the table. >> reporter: that's right. according to democratic sources, suzanne, they have gone up to $450,000 as the threshold for those income tax rates for where those bush-era tax cuts would expire. so beyond $450,000 for a family. this is somewhat significant because initially the pr
president obama says he is modestly optimistic that negotiations could prevent these huge tax hikes and spending cuts from kicking in. >> we don't yet see an agreement, and now the pressure is on congress to produce. if they don't, what i've said is that in the senate we should go ahead and introduce legislation that would make sure middle class taxes stay where they are, and there should be an up or down vote. everybody should have a right to vote on that. if republicans don't like it,...